Ghana’s fixed income market recorded robust activity on Tuesday, March 3, 2026, with the Ghana Fixed Income Market (GFIM) logging total volume of GH¢2,096,117,478 across 446 trades, driven by strong demand in treasury bills and a large sell/buy-back book in government bonds.
Treasury bills dominated the session, accounting for GH¢593,666,408 in volume across 369 trades spanning 91-day, 182-day, and 364-day maturities. The most active single instrument was the 364-day bill maturing February 22, 2027, which attracted GH¢249,419,932 in volume across 87 trades, the highest trade count of any instrument in the session, reflecting continued institutional appetite for short-duration sovereign paper.
New Government of Ghana (GoG) notes and bonds generated GH¢788,216,966 in volume across 35 trades. The benchmark six-year bond maturing February 10, 2032, was the most actively traded, recording GH¢487,761,524 in volume across 12 trades at a closing yield of 12.42 percent and a closing price of GH¢86.31. The 2023-GC-1 instrument maturing February 16, 2027, also drew significant interest, attracting GH¢179,000,000 across 15 trades at a closing yield of 9.35 percent.
Corporate bonds contributed GH¢30,867,791 in volume across 10 trades. Ghana Cocoa Board’s (CMB) bond maturing August 28, 2028, bearing a 13 percent coupon, was the sole active corporate instrument, closing at GH¢97.95 per unit.
The sell/buy-back segment, which measures short-term repo-style activity against GoG bonds, recorded GH¢683,366,313 across 32 trades. The 2023-GC-10 bond maturing February 5, 2036, was the most active repo instrument, generating GH¢356,977,730 across nine trades at a yield of 13.22 percent. The 2023-GC-1 bond maturing February 16, 2027, generated the second-highest repo volume at GH¢297,358,834 across 14 trades at 9.60 percent.
No trades were recorded on old GoG notes and bonds during the session, consistent with the gradual shift of secondary market liquidity toward the restructured new bond instruments introduced following Ghana’s domestic debt exchange programme.
The GFIM is closed on Friday, March 6, 2026, in observance of the Independence Day public holiday.
